Build a Legacy

By including The Princess Margaret Cancer Foundation as part of your estate plan you will help our researchers fund future cancer research for patients in Canada and around the world. Each gift has tax benefits that you may want to consider when planning your gift.

Gift of Life Insurance

Life insurance is another great way to support The Princess Margaret because of the minimal investment up front. You may not be able to make a significant gift now but it is a great way to leverage tax benefits to make a larger gift than you ever thought possible.

You might be in one of these situtations where life insurance might work for you:

Have an existing policy that you no longer need? Consider making The Princess Margaret Cancer Foundation the beneficiary of the policy for tax savings in your Estate

Or why not transfer the ownership to the Foundation? You will get income tax receipts for the remining premium payments

Have a paid up policy? You can donate it and possibly get a larger income tax receipt to use right now

Purchase a new policy and make The Princess Margaret the owner and beneficiary and receive a tax receipt for your premium payments. The income tax refund you get will make the premiums cost much less!

Working with a life insurance broker can help you assess what policy is right for you taking into consideration your age, gender and general health. Each option has different tax consequences and may make sense at different stages of life.

Gift of RRSP/RRIF

At the time of your death your RRSP and RRIF are considered as income and taxed quite heavily. By designating The Princess Margaret Cancer Foundation as a beneficiary of your retirement funds you will receive a charitable tax receipt to offset any taxes owed. The gift would go directly to charity without being taxed or even needing to go through probate.

Disclaimer:
The above information is not intended as legal or financial planning advice. When considering any estate gift, you should always consult your legal advisor, financial planner or your family members.